An empirical examination of the impact of ICT investments on future levels of institutionalized democracy and foreign direct investment in emerging societies

Daniel S. Soper, Haluk Demirkan, Kenneth Goul, Robert St Louis

Research output: Contribution to journalArticle

9 Citations (Scopus)

Abstract

The macro-level impacts of information and communication technology (ICT) investments on institutionalized democracy and foreign direct investment (FDI) levels in emerging societies are examined within a multi-theoretic framework that considers societal structure, power, and globalization-driven societal change. Using multilevel change modeling and longitudinal data from 48 emerging societies across seven years, ICT investments are observed to produce positive direct impacts on future levels of institutionalized democracy and FDI. After controlling for several covariates, the direct impact of ICT investments on future levels of institutionalized democracy in emerging societies is shown to partially explain the observed relationship between ICT investments and future FDI in those societies. The implications of these results are discussed in light of an emerging and exemplary World Bank debate over the historical search for a simple recipe for emerging society development and the need for a new way of thinking represented by what has been referred to as "new structural economics".

Original languageEnglish (US)
Pages (from-to)116-149
Number of pages34
JournalJournal of the Association of Information Systems
Volume13
Issue number3
StatePublished - Mar 2012

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Communication
Macros
Economics

Keywords

  • Democracy
  • Emerging societies
  • Foreign direct investment
  • ICT

ASJC Scopus subject areas

  • Computer Science Applications
  • Information Systems

Cite this

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abstract = "The macro-level impacts of information and communication technology (ICT) investments on institutionalized democracy and foreign direct investment (FDI) levels in emerging societies are examined within a multi-theoretic framework that considers societal structure, power, and globalization-driven societal change. Using multilevel change modeling and longitudinal data from 48 emerging societies across seven years, ICT investments are observed to produce positive direct impacts on future levels of institutionalized democracy and FDI. After controlling for several covariates, the direct impact of ICT investments on future levels of institutionalized democracy in emerging societies is shown to partially explain the observed relationship between ICT investments and future FDI in those societies. The implications of these results are discussed in light of an emerging and exemplary World Bank debate over the historical search for a simple recipe for emerging society development and the need for a new way of thinking represented by what has been referred to as {"}new structural economics{"}.",
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